QNet has obtained a pyramid scheme fraud warning from Russia.
As per the Central Financial institution of Russia’s October sixth warning, QNet displays “indicators of a monetary pyramid” scheme.
QNet associated web sites cited by the CBR embrace “qnet.web”, “qnet.com.ru”, “qnet-official.ru” and “qnetrussia.ru”. QNet’s Hong Kong shell firm company tackle can be listed within the warning.
BehindMLM reviewed QNet in December 2017. We famous QNet being an apparent pyramid scheme with an extended historical past of fraud.
QNet is run out of Malaysia by Vijay Eswaran (proper). Eswaran masks QNet’s operations by way of shell firms included in Hong Kong.
Exterior of Bhutan, regulatory motion towards QNet has been taken in India, Cote d’Ivoire, Afghanistan and Bhutan.
QNet can be tied to the disturbing observe of hostage recruitment throughout Africa.
Hostage recruitment sees QNet promoters kidnap victims and drive them to recruit new QNet associates. The observe is carefully tied to immigration fraud and human trafficking.
QNet hostage recruitment has primarily been a problem in Ghana and Liberia.
Native authorities in Ghana have tackled QNet hostage recruitment for years. QNet has the backing of the native authorities although, making regulation of the pyramid scheme troublesome.
This has resulted in Ghanaian locals taking the regulation into their very own palms.
SimilarWeb at the moment tracks high sources of site visitors to QNet’s web site as India (26%), Pakistan (11%), Australia (8%), Turkey (8%) and Russia (5%).
In August Vietnam was the second largest supply of site visitors to QNet’s web site. At the very least for now, QNet recruitment in Vietnam seems to have collapsed.
Regardless of QNet scamming customers for many years, authorities in south-east Asia have did not take motion towards Eswaran.
